Homestead Standard Deduction
If you have not previously filed a homestead exemption on your place of residence and have purchased the home as of December 31, 2010, you have until January 5, 2011 to file. This homestead credit will be given on 2010 taxes payable in 2011.
To be eligible for the homestead deduction in 2011, persons must be the owner of their primary residence as of December 31, 2010.
For 2010 taxes payable in 2011, you can receive up to 45,000 off the residential assessed value of your property if the total residential assessed value is 75,000 or over. If the residential assessed value is below 75,000, then you would receive 60% off the residential assessed value. For example:
Residential
Assessed Value |
Exemption
Amount |
| 75,000 or over |
45,000 |
| 75,000 |
45,000 |
| 70,000 |
42,000 |
| 65,000 |
39,000 |
| 60,000 |
36,000 |
| 50,000 |
30,000 |
| 40,000 |
24,000 |
| 30,000 |
18,000 |
| 20,000 |
12,000 |
For 2008 pay 2009 if you are entitled to a standard homestead deduction, you will also receive a Supplemental Homestead Deduction.
Once a homestead exemption is filed on your residence, it only needs to be re-filed if you move. One application can be filed for both the Supplemental and Standard Homestead Deduction. The homestead deductions can now be filed on a Sales Disclosure Form.
Your exemptions can also be filed in the Auditor's Office, Room 208 of the Civic Center Complex (on the second floor.) Our office
hours are 8:00 AM to 4:30 PM Monday through Friday. If you would like an exemption form mailed to you, please call 435-5302 and make the request.
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